Gov’t steps up investment promotions

The government is stepping up its efforts in promoting investments across the country to take full advantage of the continuing high investor confidence locally.

The Department of Trade and Industry (DTI) and Board of Inve s tment s ( BOI) said they have strengthened programs as well as beefed up frontline services to build a sustainable groundwork to promote investments in the various regions of the country.

“In collaboration with DTI’s regional offices, we have stepped up

our promotion efforts to drive economic activities nationwide, especially in investment ready areas,” DTI Undersecretary Ponciano Manalo, Jr. said.

The BOI through its Domestic Investments Promotion Service and the Investment Assistance Service recently synchronized their respective programs to conduct the investment counseling and capability building training on investments promotion with focus on project plan preparation.

“With these efforts, we expect a more vibrant DTI and BOI presence in providing frontline services to investors in the regions,” Manalo said.

Manalo said the training in- tends to refine the skills of the DTI regional and provincial frontline staff and the Local Economic and Investment Promotion Officers (LEIPOs) assigned in the regional Negosyo Centers in assisting small and medium enterprises (SMEs) and providing advanced advisory services on investments.

He added that project preparation skills of the stakeholders will be enriched to generate ready to go investment projects for promotion and possible BOI registration.

Aside from the frontline regional and provincial staff and LEIPOs in Negosyo Center, the DTI said the trainings also include economic stakeholders from the local chambers of commerce and industry, industry associations, SMEs, academe and representatives from the other line agencies.